Macromedia revenue, income on rise

Macromedia's Q1 FY2006 net income climbed 17 per cent to $15.2 million on 13 per cent growth in revenue.

by
Macworld staff
, | 21 Jul 05

Macromedia returned income and revenue growth in its most recent quarter, the company confirmed last night.

Reporting its first quarter fiscal year 2006 results, Macromedia revealed net income to have climbed 17 per cent (to $15.2 million) on 13 per cent growth in revenue (to $116.8 million).

Macromedia returned $103.6 million revenue in its year ago quarter for $13 million in net income in that period.

Non-GAAP net income for the fiscal first quarter was $18.1 million, though this figure excludes $4.3 million in expenses "associated with the proposed Adobe merger", Macromedia said.

Company CEO Stephen Elop said: "I am very proud that Macromedia has once again delivered record revenue results.

"Our market strategy, with its focus on the Flash Platform, is clearly resonating, as evidenced by the continued success around Breeze, Flex, and mobile."

For the quarter ending September 30, 2005, Macromedia expects net revenues to be in the range of $120 to $125 million, with gross margins in the 91 to 93 percent range and operating profit margin between 17 and 19 percent, excluding certain merger-related costs, the company confirmed.

Adobe and Macromedia shareholders will meet (separately) to discuss and vote on the proposed merger between the two companies on August 24.